In Pursuit of a National Loss Mit Signing Solution
An upcoming Five Star Institute webinar will discuss the implementation of a national digital signing platform, built to satisfy servicer, investor, borrower, and state requirements nationwide. The post In Pursuit [...]
Fall in Housing Permits Gives Way to Rise in Multifamily Construction
HUD and the Census Bureau reported housing starts dipping 9.6% below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability [...]
Have Forbearances ‘Reached a Floor?’
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly [...]
Accountability for Equifax
Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published [...]
California Leads in Least Affordable Housing Markets
Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of 2022. According [...]
HUD Declares $10M in Funding for Building Grants
The U.S. Department of Housing and Urban Development (HUD) has announced that it will make $10 million available in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances [...]
Record Number of People Considering Migrating Between Cities
According to Redfin data from 2 million users, the share of homeseekers looking to relocate took a big jump in July amid an environment of rising rates as buyers look [...]
CFPB Puts Focus on Financial Companies’ Data Handling
The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The [...]
Homebuyer Competition Falls to Early-Pandemic Levels
Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home offers written [...]